As this price , Gold have many way to go
Case 1.
If Gold can break two support
Gold can drop to 1266 - 1254 and Start to Long term Bullish.
Case 2.
If Gold Stay higher than 1276
Gold should rise again and try to break resistance around 1293
so we should see Gold more than 1300 again and Start to bullish.
How to Trade:
1. Simply way wait till meet sup or res and wait to confirm break or rebounce
2. Bet on that with tight s/l
I short around 1286.2 on last idea so overall I bias in Sell.
Case 1.
If Gold can break two support
Gold can drop to 1266 - 1254 and Start to Long term Bullish.
Case 2.
If Gold Stay higher than 1276
Gold should rise again and try to break resistance around 1293
so we should see Gold more than 1300 again and Start to bullish.
How to Trade:
1. Simply way wait till meet sup or res and wait to confirm break or rebounce
2. Bet on that with tight s/l
I short around 1286.2 on last idea so overall I bias in Sell.
Note
Gold meet support A.
if we have sell on upper only wait and cheer to dip more
if not have any position ,may buy now and sl around 1276
Note
Gold can break supp A so close all buy and keep Short positionNote
after close buy and sell by break supp AGold rebound and go to TP of buy limit zone
for who hit buy limit zone in chart may close partial
and Start to sell again
if it break up trend line we will consider again to buy
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.